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View Full Version : Do you have a personal bank account with more than 100k?

MikeWaters
10-02-2008, 05:28 PM
poll
MikeWaters
10-03-2008, 02:29 PM
are the respondents poor?
Surfah
10-03-2008, 02:45 PM
are the respondents poor?

Yes
MikeWaters
10-03-2008, 02:51 PM
If we had more Asians here, the number of big savers would be higher. As it is, we have a bunch of haoles who live hand to mouth.
Indy Coug
10-03-2008, 03:15 PM
1. Most of us aren't that old
2. Most of us don't have our assets tied up in bank accounts
MikeWaters
10-03-2008, 03:17 PM
1. Most of us aren't that old
2. Most of us don't have our assets tied up in bank accounts

what percent of your money is liquid? (i.e. savings and money-market)
BigFatMeanie
10-03-2008, 03:20 PM
Single biggest asset is equity in my home. Next biggest is 401k. Third biggest is my savings account but it ain't even close to my 401k balance. I'm not very liquid at this stage in my life.
MikeWaters
10-03-2008, 03:25 PM
Single biggest asset is equity in my home. Next biggest is 401k. Third biggest is my savings account but it ain't even close to my 401k balance. I'm not very liquid at this stage in my life.

Do you pay "extra" into your home every month?

For me, roughly speaking, my equity in my home, 401k, and savings are about equal.

But I plan to buy another home, so that's why we have focused on savings.
Indy Coug
10-03-2008, 03:53 PM
what percent of your money is liquid? (i.e. savings and money-market)

Actually, probably not enough.
minn_stat
10-03-2008, 05:57 PM
It seems to me that raising the FDIC limit to $250k is a pretty meaningless gesture - kind of like your typical American wedding these days. I don't know very many wealthy people, but the few I do know wouldn't even think of putting over $100k in a single account.

Those of you with financial acumen, is there really a non-symbolic usefulness to this act? If not, and we are truly in a "crisis", why are they wasting time on this type of nonsense?
MikeWaters
10-03-2008, 05:58 PM
It seems to me that raising the FDIC limit to $250k is a pretty meaningless gesture - kind of like your typical American wedding these days. I don't know very many wealthy people, but the few I do know wouldn't even think of putting over $100k in a single account.

Those of you with financial acumen, is there really a non-symbolic usefulness to this act? If not, and we are truly in a "crisis", why are they wasting time on this type of nonsense?

small businesses might deal with a lot of liquidity and have more than 100k in an account.
Clark Addison
10-03-2008, 06:44 PM
If we had more Asians here, the number of big savers would be higher. As it is, we have a bunch of haoles who live hand to mouth.

By Bank account, are you including investment accounts? I thought it just meant FDIC insured accounts. I don't know anyone with over 100K in an FDIC insured account, since it's hard to make a decent return on one.